Asset Manager

Updated:

Future Vision II Acquisition Corp.

SPAC formed in 2024 by Ruifeng Li; raised $57.5M on Nasdaq to acquire a tech or consumer business in Asia.

Future Vision II Acquisition Corp.

Future Vision II Acquisition Corp. was formed in 2024 as a special purpose acquisition company (SPAC) registered in the Cayman Islands and headquartered in New York. The vehicle is led by CEO Ruifeng Li and CFO Max Zhao, who previously steered Future Vision I through a listing in 2023. The team targets businesses at the intersection of technology and consumer sectors, with an explicit geographic focus on Asia-based targets that are positioned for global expansion. The company's structure follows the classic SPAC playbook: $57.5 million raised at $10.00 per unit and placed into a trust account, with management pursuing a private company to take public through a business combination. A concurrent PIPE commitment of up to $50.2 million was arranged to fund the eventual acquisition (per SEC filing, October 2024). The sponsor — Future Vision II Sponsor LLC — covers underwriting discounts and working capital through a promissory note structure. The trust proceeds are invested solely in short-term U.S. government securities until a target is identified. CEO Ruifeng Li's track record includes the launch of Future Vision I, which listed on Nasdaq in 2023 under the ticker FVACU. Zhao serves as CFO for both vehicles, creating a tight operational partnership. The broader sponsor group includes professionals with cross-border experience in financial technology, consumer internet platforms, and Asian capital markets — though specific named partners beyond Li and Zhao are not disclosed in the initial offering documents. The sponsor entity is a Cayman Islands exempted company controlled by Li and affiliated investors. The structural differentiator is the sponsor's operating model as a repeat SPAC issuer with a narrow geographic and sectoral mandate. Rather than a generalist blank-check strategy, Future Vision II narrows the search to a definable set of Asia-headquartered tech and consumer businesses — a thesis informed by Li's experience with the predecessor vehicle. The management agreement runs month-to-month and can be terminated on 60 days' notice, giving the public shareholders a governance lever uncommon in closely held sponsors. Succession risk is concentrated in Li, who holds decision-making authority over target selection.

General information

Firm type

Asset Manager

Year founded

2024

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Principals

Ruifeng Li

Chief Executive Officer and Director

Max Zhao

Chief Financial Officer

Sector focus

TechnologyConsumer

Frequently asked questions

What does Future Vision II Acquisition Corp. do?

It is a special purpose acquisition company (SPAC) — a shell entity that raises capital through an initial public offering and then searches for an operating company to merge with. Future Vision II raised $57.5 million in October 2024 and is actively seeking a private business to take public. The vehicle is focused on technology and consumer companies headquartered in Asia.

Who runs Future Vision II?

Ruifeng Li is the CEO and a director. Max Zhao serves as CFO. Both were previously involved with Future Vision I, the sponsor's earlier SPAC that listed on Nasdaq in 2023. Li controls the sponsor entity and has the authority to direct the target search and business combination negotiations.

How is Future Vision II different from other SPACs?

The vehicle writes a narrow mandate rather than the generalist approach common among blank-check companies — it explicitly targets Asia-headquartered businesses in technology or consumer sectors. The sponsor is also a repeat issuer, having launched Future Vision I in 2023. The management agreement runs month-to-month, which limits sponsor lock-in compared to longer-term advisory contracts at peer SPACs.

What is the relationship between Future Vision II and Future Vision I?

Future Vision I listed on Nasdaq in 2023. It is a separate legal entity with its own trust and shareholder base. However, the two vehicles share overlapping management — Ruifeng Li leads both, and Max Zhao serves as CFO for both — and appear to follow a similar sector and geographic investment thesis.

How much time does Future Vision II have to complete a deal?

The initial deadline was April 2025. In December 2024, the company filed proxy materials seeking shareholder approval to extend that deadline to October 2025. Under the standard SPAC trust agreement, management must return the cash in trust to public shareholders if no business combination is completed by the deadline.

Does Future Vision II have external institutional backing?

The company arranged a committed PIPE facility of up to $50.2 million that would fund alongside any business combination, though the identity of the PIPE investors is not publicly disclosed. Beyond the sponsor team, no external institutional anchor investors are named in the initial S-1 registration.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on asset managers?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo

More New York Asset Manager profiles